To give prestigious nominees and presenters an opportunity to attend the Academy Awards ceremony on a weekend while they are working on new projects. For many years, the Oscars traditionally were presented on Monday evenings. Beginning with the 71st Academy Awards on March 21, 1999, the event has been held on Sunday nights.
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There is no designated month that the Oscars are held. It is usually held as early as January and as late as April. Although, the Academy Awards have been held as late as November in the far past.
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The Academy Awards have never changed names, it has has just become interchangeable with the name Oscars. Oscars is the informal but more popular name for the ceremony. Academy Awards is the de facto name.
It recently has been held in either late February or early March. This could change after 2012 because the Academy of Motion Picture Arts and Sciences may move the ceremony to January because of the glut of other awards shows before it.
The 2018 Emmys were held on a Monday to avoid conflict with Sunday Night Football, which also aired on NBC. However, the Emmys are traditionally held on Sunday evenings.